Sunday, 22 October 2017 06:45 GMT

Qatari group buys Miami hotel

(MENAFN) Qatar's Al Rayyan Tourism Investment Company (ARTIC) has announced its acquisition of a luxurious hotel in Miami, Arabian Business reported

The hospitality group said that it has bought the St. Regis hotel in Miami in a USD213 million deal. The property will remain under Starwood Hotels' management

President of global development Simon Turner said: "The sale of this trophy asset marks another step forward in Starwood's pursuit of an asset-light strategy.
Qatari group buys Miami hotel